Suppose that in 1991 the total output in a single-good economy was 13,689 chickens. Also suppose that in 1991 each chicken was priced at $19. Finally, assume that in 1995 the price per chicken was $11 and that 19,561 were purchased.
For each of the following parts, assume that 1991 is the base year.
Note: Please round your answers to two decimal places.
a) Determine the GDP Deflator for 1995